Understanding Globalization-1.pptx

UNDERSTANDING GLOBALIZATION

Rise of the g-word - Originated from the word ‘globe’ which was derived from the Latin ‘globus’ - Globe became an adjective meaning ‘world scale’ in the late 19th century later becoming globalize in the 1940’s then globalizatioon in 1959

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WHAT IS GLOBALIZATION? -a respatialization of social life that is used to describe the growing interdependence of the world’s economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information.

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“ REDUNDANT By

JAN AART SCHOLTE

CONCEPTS OF

GLOBALIZATION

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Globalization as Internationalization refers to a growth of transactions and interdependence between countries

Globalization as Liberalization denotes a process of removing officially imposed restrictions on movements of resources between countries in order to form an “open”and “borderless” world economy.

Globalization as Universalization describe a process of dispersing various objects and experiences to people at all inhabited parts of the earth.

Globalization as Westernization which social structures of modernity (capitalism, industrialism, rationalism, urbanism, etc.) are spread across all of humanity, in the process destroying preexistent cultures and local self-determination.

NEW CONCEPTION OF GLOBALIZATION

Globalization as the spread of Transplanetary involves reductions in barriers to transworld social contacts– physically, legally, linguistically, culturally, and psychologically – to engage with each other wherever on earth they might be.

“ GLOBALIZATION AS

“GLOBALONEY”

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REJECTIONISTS Dispute the usefulness of globalization as a sufficiently precise analytical concept.

SCEPTICS Emphasizes the limited nature of current globalizing process.

MODIFIERS Disputes the novelty of the process implying that “globalization” has often been applied in a historically imprecise manner

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GLOBALIZATION AS ECONOMIC, POLITICAL AND CULTURAL PROCESS

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EFFECTS ON HUMANITY Is globalization good or bad?

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References Scholte, J. A. (2007) “Defining Globalization”, Clm.economia, 10 15-63 What Is Globalization? (n.d.). Retrieved from https://piie.com/microsites/globalization/whatis-globalization.html

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